1. Explain the reasons why job-order costing is important in firms that generate heterogeneous products.
2. A company's production managers need to plan and control materials, describe 4 issues which could arise if the materials are not assigned properly or on a timely basis.
3. How do (a)MRP and (b)JIT work to plan and control materials?
4. How do (a)eoq and (b)kanban selective control work to plan and control materials?